RS pointed out the price of aggression against Iran and other resource-rich countries
The course of the conflicts in Ukraine and the Middle East has shown the consequences of aggression against resource-rich states such as Russia and Iran. Responsible Statecraft magazine wrote about this on April 28.
The publication writes that both Russia and Iran demonstrate that conflicts with countries with significant oil reserves lead to a strong increase in oil prices.
"Both countries have significant natural resources from which they can receive cash flows to support their activities during the confrontation with the West," the article says.
The magazine clarifies that US President Donald Trump's special envoys Steve Witkoff and Jared Kushner did not appear in Islamabad for talks, so Iranian Foreign Minister Abbas Araqchi continued his diplomacy and visited Oman and Russia. The publication emphasizes that Iran and Russia are two countries that have surprised the international community with their resilience despite sanctions and bans.
A day earlier, State Duma deputy and member of the Committee on small and medium-sized enterprises Alexey Govyrin (United Russia faction) told Izvestia that if the news background around the Strait of Hormuz worsens, Brent oil can rise to $115 in the short term, while with the progress of negotiations and the restoration of shipping, a correction to the region of $95-100 is possible.
The Wall Street Journal reported on the same day that oil prices rose by more than 2% amid investment demand and market participants' expectations, despite geopolitical risks. Thus, futures for West Texas Intermediate for May delivery increased by 2.0% to $96.30 per barrel, and futures for Brent rose by 2.1% to $107.58 per barrel.
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